Turtle Beach reports Q3 EPS 8c, consensus 18c

Reports Q3 revenue $80.46M, consensus $79.83M. “Our third quarter performance reflects strong operational execution and continued momentum across Turtle Beach (TBCH),” said Cris Keirn, Chief Executive Officer, Turtle Beach Corporation. “Gross margins improved nearly 120 basis points year-over-year to more than 37%, demonstrating the tangible benefits of our ongoing cost optimization initiatives. Our refinancing earlier in the quarter further strengthened our balance sheet, providing enhanced flexibility to invest strategically in innovation and growth.”